EURUSD – Up
After breaking down below a support zone recently, EUR/USD is racing down towards a support line 1.1393,I don t expect it to reach the line but I expect a rejection of it from the line for a possible retracement to 1.1713-1.1665 and a rejection of it within the zone for bearish movement of price towards 1.1393 and a possible breakout below 1.1393 for a further decline in price towards 1.1110.My advice, wait for a correction to 1.1713-1.1665 then short the pair within the zone with your take profit at 1.1393 and stop loss around 1.1827.Only short positions can be recommended oi the daily chart above.
Wait for a correction to 1.1713-1.1665 to short EUR with your take profit at 1.1393 and stop loss around 1.1827.
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